Use the Following Information for the Following Questions One-Half of the Rented Premises Is Occupied by the Sales

question 124

Multiple Choice

Use the following information for the following questions. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts:
$\begin{array}{llcc} \text { Accounting and legal fees......................... } & \$120,000 \\ \text {Advertising............................................... } &150,000\\ \text { Freight-out............................................... } &75,000\\ \text { Interest.................................................... } &60,000\\ \text { Loss on sale of long-term investments......... } &30,000\\ \text {Officers' salaries.......................................... } &180,000\\ \text { Rent for office space................................... } &160,000\\ \text { Sales salaries and commissions................... } &110,000\\ \text { } &\\\end{array}$
One-half of the rented premises is occupied by the sales department.
-How much of the expenses listed above should be included in Oskar's selling expenses for 2020?

• A) $260,000
• B) $335,000
• C) $340,000
• D) $415,000

---

Definitions:

Justice

The principle of fairness where individuals receive what they are due, often applied in legal and ethical contexts.

American Psychological Association

A professional organization representing psychology in the United States, known for its publication standards and ethical guidelines in research.

First Authorship

The position attributed to the primary contributor of a multi-authored research paper, indicating the person who has made the most significant contribution to the work.

Supervisor

A supervisor is an individual who oversees and directs the work of others, ensuring tasks are completed accurately and efficiently.